HSA LEASES OVER 72,000 SF OF INDUSTRIAL SPACE AT THE FIRM'S NEW PARK 355 DEVELOPMENT
December 22, 2008
Tim Thompson, executive vice president and managing director of HSA Commercial Real Estate’s industrial brokerage division, announced two new leases at the firm’s recently developed Park 355 located at 2145 Internationale Parkway, Woodridge, Ill. These new leases bring the 254,000-square-foot industrial facility to an 80% occupancy rate.
- Highway Distribution Systems leased 57,525 square feet of space to be used for warehousing and distribution. In business since 1935, Highway Distribution Systems provides high quality logistic and distribution services to the magazine, periodical, book and printing industries. Headquartered in Trenton, New Jersey, they were represented in this transaction by Ben Cremer and Michael Robbins of NAI Hiffman.
- The Village of Woodridge took 14,480 square feet of space to be used as a warehouse for Village equipment and maintenance operations. J.D. Salazar of Champion Realty Advisors, LLC, represented the Village.
In the above transactions, Chuck Canale of Colliers Bennett & Kahnweiler, the project’s leasing agent, worked with HSA’s Tim Thompson in negotiating the terms of the leases for ownership.
Park 355 is ideally located along the new Interstate 355 extension in Will County, with high visibility on 33 acres. 2145 International Parkway is the first phase of this HSA-developed park, which will include another speculative or build-to-suit facility as large as 350,000 square feet.
Celebrating 27 years of excellence in commercial real estate, Chicago-based HSA Commercial Real Estate is a full-service real estate firm specializing in office, industrial, retail and health care real estate leasing, management, marketing, development and financing on a national basis. Along with developing all kinds of commercial real estate across the United States, its brokerage divisions have completed more than 7,500 transactions in 43 states representing both owners and tenants, the asset management division currently manages a property portfolio in excess of 17.5 million square feet in 15 states and the firm presently owns over 17 million square feet of commercial property in 14 states.
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